Wyoming § 2-7-109 Compromise of claims; owed to estate

Wyoming Statutes

§ 2-7-109 — Compromise of claims; owed to estate

Wyoming § 2-7-109

Title 02Wills, Decedents' Estates and Probate Code

Ch. 7ADMINISTRATION OF ESTATES

Art. 1IN GENERAL

This text of Wyoming § 2-7-109 (Compromise of claims; owed to estate) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 2-7-109 (2026).

Text

When it appears for the best interest of the estate, the
fiduciary may, subject to approval of the court, effect a
compromise with any debtor or other obligor, or extend, renew or
in any other manner modify the terms of any obligation owing to
the estate. If the fiduciary holds a mortgage, pledge or other
lien upon property of another person, he may, in lieu of
foreclosure, accept a conveyance or transfer of the encumbered
assets from the owner thereof in satisfaction of the
indebtedness secured by the lien, if it appears for the best
interests of the estate and if the court so orders.

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When it appears for the best interest of the estate, the
fiduciary may, subject to approval of the court, effect a
compromise with any debtor or other obligor, or extend, renew or
in any other manner modify the terms of any obligation owing to
the estate. If the fiduciary holds a mortgage, pledge or other
lien upon property of another person, he may, in lieu of
foreclosure, accept a conveyance or transfer of the encumbered
assets from the owner thereof in satisfaction of the
indebtedness secured by the lien, if it appears for the best
interests of the estate and if the court so orders.